Japanese used car auctions began in 1967 when Toyota Motor Corporation held its firsthand-signal auction. Due to the long trading times and limited number of cars sold, these auctions were inefficient.

As a result, new computer technology was launched in September 1978, enabling modern auctions to take place. The first equipment and software for auto auctions were introduced by Fujitsu and Kiden companies. This technology enabled “Internet Live” auctions, where trading time was reduced to a few seconds.